A bold and sweeping transformation is underway in northwest Toronto. Woodbine Entertainment has begun construction on a brand‑new GO Transit station at its Woodbine Racetrack site, tucked inside a sprawling 684‑acre parcel in Rexdale. The move serves as the kickoff for a master‑planned urban centre that could reshape this part of the city.

A major real estate opportunity has hit the market in Vaughan, and it’s drawing attention. JLL, a leading global real estate firm, is now listing a nearly five-acre site at 7040 Yonge Street and 72 Steeles Avenue West in Thornhill. The site is owned by Humbold Properties and is being offered for full or partial sale, appealing especially to developers keen to shape the future of the North-Yonge Corridor.

Earlier this month, the City of Coquitlam began consulting the public on an updated plan for how land is used near transit hubs and busy corridors. The focus is on areas around Burquitlam and Lougheed Town Centre stations, along with nearby shoulder zones and key road corridors. This effort reflects the city’s phased compliance with the provincial transit-oriented areas legislation, known as Bill 47.

Canada’s housing market saw a small but notable upswing in May, with home sales across the country climbing 3.6% from April, marking the first monthly increase since last November. This gain offers a glimmer of hope in a market that has been sluggish for half a year. Although just one data point, it may signal the start of a delayed recovery.

May in the Greater Toronto Area saw yet another sharp drop in new home sales. The area recorded just 345 sales of newly built homes. That figure is 64 percent lower than in May 2024 and a staggering 87 percent below the ten-year average — meaning around 2,400 more homes would have sold in a typical May. May marked the eighth straight month of record-low sales, continuing what experts are calling the worst downturn of new home sales in the region on record.

Toronto says it wants more housing, but it’s making it harder to build the very homes that could help solve the crisis. The Ontario government recently made it legal to build sixplexes almost anywhere in the city, but developers say city policies — especially development charges, or DCs — are blocking progress. DCs are fees the city charges builders to help pay for things like roads, parks, and water systems. The idea makes sense in theory, but in practice, they’re making sixplexes too expensive to build.

The new condo market in Toronto and Hamilton has taken a serious turn for the worse. Sales of new condominiums have dropped to their lowest levels in 30 years, while the number of unsold units keeps rising. There are now far more condos available than people looking to buy, which is creating a major imbalance in the market.

A recent report from Canada’s Auditor General shows that the federal government is not moving fast enough to reduce and modernize its office space. Public Services and Procurement Canada first laid out plans back in 2019 to cut down its office footprint, but so far, only about 2 per cent has been reduced—largely because the full effort only started in 2024.

Ontario’s financial watchdog says the province saw the fewest housing starts in the first quarter of 2025 since 2009. Only 12,700 new housing units began construction between January and March—marking the weakest quarterly total in 16 years.

PBA Group has given new life to a long-empty office tower in downtown Calgary. The 12-storey building at 833 4th Avenue SW, once called the Canadian Centre, has been turned into the brand-new Element Hotel by Westin. This is the first time the city’s office conversion incentives were used to make an office into a hotel, and the hotel officially opened its doors on June 19, 2025.

One-third of Canadian renters say they have no plans to buy a home, according to a new national report. This finding comes even though rental costs have started to fall—since May, the average rent for a one-bedroom unit dropped by 3.6% to about $1,857, and by 4.6% to around $2,225 for a two-bedroom. Still, these rents remain much higher than they were a couple of years ago, growing faster than most people’s wages.

Canada’s job market is showing signs of recovery after policymakers returned to historical immigration targets. Earlier warnings suggested that slowing population growth might harm the economy, but the real challenge turned out not to be job losses. Instead, the economy simply couldn’t create enough new positions fast enough to keep up with a growing population. By aligning immigration with long-standing norms, Canada appears to be easing pressure on the job market, allowing job creation to better keep pace with added residents.

Home prices in the Greater Toronto Area fell in the second quarter of 2025 compared to the same period in 2024. The average house price dropped by 3 per cent year-over-year to about $1,155,300. That marks a clear shift, as buyers face lower prices amid a slow market.

Average asking rents across Canada dropped by 3.3 percent in May, compared with the same month last year. The national average asking rent is now $2,129—this marks the eighth straight month in which rents have fallen on an annual basis.

In today’s Canadian real estate market, keeping people’s identities safe and speeding up transactions are top priorities. A new tool making waves is called Interac Verified. It brings together trusted data sources and official documents, making identity checks smoother and more reliable for everyone involved.

Last week, Burnaby’s city council approved a motion by Mayor Mike Hurley asking the Union of British Columbia Municipalities (UBCM) to urge the provincial government to reverse a recent change in the BC Building Code. The revision, introduced last summer, now allows buildings up to six storeys tall to be built with just a single stairway for exiting, instead of the previous requirement of two or more.

Canada’s financial outlook is looking uncertain, according to BMO (Bank of Montreal). The bank warns that the government’s missing post-election budget has made the fiscal picture “cloudy.” Without clear spending and revenue plans, it’s hard to know exactly where things stand.

Mortgage troubles are on the rise in Canada, with delinquencies—situations where homeowners miss payments by 90 days or more—jumping sharply in the first quarter of 2025. While the national delinquency rate remains low by historic standards, it climbed to 0.22 percent, marking a four-year high. That’s a 22% rise compared to the same quarter last year, and represents an aggressive uptick from record lows at the end of 2022.

Getting the most out of a home inspection can help buyers avoid surprises and feel confident about their purchase. Experts say it's best not to bring children or pets, as they can distract both you and the inspector. Wearing sturdy, closed-toe shoes helps you move safely through basements, attics, and tight spaces without worrying about slips or messes. It sounds small, but being able to follow the inspection closely makes a big difference.

Most first-time homebuyers in Canada these days are young adults, typically in their mid-20s to early 30s. Nearly half of those who bought their first home in the past year and a half fall into the 25 to 34 age group. They’re often just starting out in their careers, getting a stable income under their belt, but still working hard to save enough for a home.

Toronto CREW, a networking group for women in commercial real estate, has revealed its Board of Directors for 2025–2026. The announcement brings in four new members: Jennifer Kosloski as President‑Elect, Marta Stach as Treasurer, Adriana Fritsch as Director of Programs & Professional Development, and Vincci Wilson as Director of Mentorship & Real Jobs Day. These additions join returning board members in shaping the chapter’s leadership for the year ahead.

Carttera, a real estate developer and investment manager, has purchased the 1266 Queen Street West project in Toronto for $27.9 million. The site was previously owned by DKI Queen Inc., and Carttera closed the deal on June 6, 2025, with Colliers’ Jeremiah Shamess serving as the broker.

Canadians are leaving the country in large numbers, and many are saying goodbye for good. In the first quarter of 2025, about 27,100 people permanently left Canada—marking the second-highest first-quarter outflow ever recorded, just behind 2017. This steady climb in departures has been building for years, and for many, it’s becoming a clear sign of dissatisfaction at home.

The latest Forest Hill mansion on the market has captured attention with its jaw-dropping price tag of $17 million and a score of luxe features. Known for its prime location and top-tier touches, this home stands out even in one of Toronto’s most prestigious neighbourhoods.

Toronto’s condo market is sounding alarm bells. By mid-June 2025, condo units made up nearly 60 percent of all homes for sale in the City of Toronto. Of 11,705 active listings in May, around 6,855 were condo units. That’s a striking number that shows just how much of the city’s housing supply is now tied up in condominiums.